EFTA02710502

From: Daniel Sabba < Sent: Monday, January 12, 2015 10:49 PM To: [email protected] Subject: Re: [C] Classification: Confidential Jeffrey, per our chat: Brazil CDS Markets: ly 93 / 111 2y 130 / 148 3y 147 / 165 Sy 210 / 214 - this means you would purchase protection for 214bps per year for 5 years (payment streams below). Brazil CDS history: CDS Valuation: Let's walk through this CDS valuation when you have a second. Thank you, Daniel From: "Jeffrey E." <[email protected]> To: Daniel Sabba Date: 01/12/2015 05:26 PM Subject: short latin america? please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and EFTA_R1_02122174 EFTA02710502 destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This communication may contain confidential and/or privileged information. If you are not the intended recipient (or have received this communication in error) please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Deutsche Bank does not render legal or tax advice, and the information contained in this communication should not be regarded as such. 2 EFTA_R1_02122175 EFTA02710503